Cisco Lifts Dividend by More Than 20%

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Cisco (NASDAQ: CSCO  ) is about to make its shareholders richer. The company will distribute $0.17 per share of its common stock on April 24 to shareholders of record as of April 8. That represents a 21% boost from the previous distribution, which was $0.14. This was paid in the preceding two quarters, most recently last December.

In the press release announcing the move, the company quoted its CFO, Frank Calderoni, as saying that its "continued execution and strong financial position enable us to provide a higher dividend directly to our shareholders."

After many years of not rewarding those owners, the firm started to pay dividends in early 2011.

The new dividend annualizes to $0.68 per share. That yields 3.3% at Cisco's current stock price of $20.90.

Read/Post Comments (0) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2337847, ~/Articles/ArticleHandler.aspx, 10/4/2015 1:19:24 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

Today's Market

updated 1 day ago Sponsored by:
DOW 16,472.37 200.36 1.23%
S&P 500 1,951.36 27.54 1.43%
NASD 4,707.78 80.69 1.74%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/2/2015 3:59 PM
CSCO $25.76 Up +0.03 +0.12%
Cisco Systems CAPS Rating: ****